BOSTON (WWLP) - Massachusetts has officially repealed the tech tax. 22News explains why the Governor says the issue may have to be revisited in the future.
Governor Deval Patrick has signed legislation that repeals a 6.25 percent sales tax charged to businesses for computer-related software services.
Governor Patrick tweeted a photo of himself signing the bill early Friday afternoon.
Patrick approved the bill, despite telling reporters weeks earlier that he did not want to sign a bill that did not include revenue to replace the tech tax. Legislative leaders hope to make up for the lost revenue through budget surpluses.
Gov. Patrick said Massachusetts will have to revisit how it will pay for its transportation needs in the future. "Responsible budgeting means assuring this budget is balanced and that is something that legislators need to be thinking about."
The tech tax was meant to generate more than $160 million for the state's transportation infrastructure.
An amendment to raise the gas tax to 5-cents a gallon, to replace the tech tax, was ultimately rejected by the State Senate.